Press release
Parking Sensors Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2015 - 2023
The ultrasonic parking sensors uses sound waves to detect the obstacle whether the vehicle is in motion or at rest while the electromagnetic sensors uses magnetic waves to detect the obstacle. Electromagnetic sensors are self-diagnostic and are equipped with a maintenance system. Some of the major drivers of this market are related to the benefits of sensor parking which includes easy identification of vacant parking spaces, effectiveness in terms of time and cost savings related to fuel efficiency. The main factor that isrestraining the growth of this market islimited detection range of the sensors. The biggest opportunity for this market is the technological advancement in artificial intelligence which would make the system operator independent.
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The market could be segmented on the basis of technologies which includes ultrasonic sensors and electromagnetic sensorsIn addition, the market could be segmented on the basis of geography which includes North America, Europe, Asia-Pacific and RoW.
Some of the key players dominating this market are Abbott Analog Devices Inc., Denso Corporation, Continental AG., Freescale Semiconductor Ltd., Robert Bosch GmbH, NXP Semiconductors N.V., BMW, Texas Instruments Inc., Mercedes Benz, Ford Motor Company, Audi, Honda, Hyundai and Volkswagen among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
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